NEOS Investment Management LLC Grows Position in Warner Bros. Discovery, Inc. $WBD

NEOS Investment Management LLC grew its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 69.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,127,770 shares of the company’s stock after buying an additional 463,199 shares during the period. NEOS Investment Management LLC’s holdings in Warner Bros. Discovery were worth $22,025,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Merit Financial Group LLC increased its position in shares of Warner Bros. Discovery by 14.1% in the 3rd quarter. Merit Financial Group LLC now owns 32,165 shares of the company’s stock valued at $628,000 after acquiring an additional 3,968 shares during the period. Zions Bancorporation National Association UT increased its holdings in shares of Warner Bros. Discovery by 525.9% in the third quarter. Zions Bancorporation National Association UT now owns 10,408 shares of the company’s stock valued at $203,000 after purchasing an additional 8,745 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Warner Bros. Discovery by 7.1% during the third quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock worth $5,492,112,000 after purchasing an additional 18,736,600 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in Warner Bros. Discovery by 9.9% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 78,908 shares of the company’s stock valued at $1,541,000 after buying an additional 7,086 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in Warner Bros. Discovery by 6.9% in the 3rd quarter. Fifth Third Bancorp now owns 86,272 shares of the company’s stock worth $1,685,000 after buying an additional 5,604 shares during the period. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery Trading Up 2.7%

Shares of NASDAQ:WBD opened at $28.75 on Wednesday. The business’s 50 day moving average price is $28.39 and its 200-day moving average price is $21.86. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $30.00. The firm has a market capitalization of $71.24 billion, a price-to-earnings ratio of 151.32 and a beta of 1.64. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07.

Warner Bros. Discovery News Summary

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: WBD will engage with Paramount to solicit a best-and-final offer after Netflix granted a seven‑day waiver, creating the chance of a higher takeover price that could lift the stock. Warner Bros Seeks Paramount’s “Best and Final Offer,” Upside Ahead?
• Positive Sentiment: Paramount reportedly signaled willingness to raise its bid to $31+ per share if engaged — a higher cash offer would pressure Netflix to respond and could boost WBD’s takeover value. Warner Reopens Talks With Paramount After Sweetened Offer
• Positive Sentiment: The board unanimously recommends shareholders vote for the Netflix merger and set a March 20 meeting — that endorsement provides downside support if Paramount talks fail, reducing near‑term tail risk. Netflix grants Warner Bros. Discovery 7-day waiver to hold deal talks with Paramount Skydance
• Neutral Sentiment: Opinion and broad press coverage are dissecting which bid is truly superior — useful for sentiment but not an immediate catalyst. Opinion | The Warner Bros. Fight Isn’t Over
• Neutral Sentiment: Investor letters and analyst writeups highlighting WBD’s Q4 performance may attract longer‑term interest but aren’t driving the intraday move. Here’s What Lifted Warner Bros. Discovery (WBD) in Q4
• Negative Sentiment: WBD warns that employees could quit if Paramount’s takeover succeeds — a potential execution and retention risk that could concern investors about post‑deal disruption. Warner Bros. Discovery says it’s worried employees will quit if it picks Paramount’s offer
• Negative Sentiment: WBD and analysts flag structural/financing risks in Paramount’s all‑cash, debt‑backed proposal — if financing weakens the deal could be renegotiated or collapse, adding downside risk. Warner Bros rejects Paramount’s revised offer, but gives studio a week to negotiate better deal

Analyst Ratings Changes

Several research firms have recently commented on WBD. TD Cowen upped their price objective on shares of Warner Bros. Discovery from $14.00 to $22.00 in a report on Friday, November 7th. Barrington Research lowered shares of Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a report on Friday, December 5th. The Goldman Sachs Group lifted their price objective on Warner Bros. Discovery from $13.00 to $14.75 and gave the company a “buy” rating in a research note on Friday, November 7th. Arete Research upped their target price on Warner Bros. Discovery from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Moffett Nathanson raised their target price on Warner Bros. Discovery from $26.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Warner Bros. Discovery currently has an average rating of “Hold” and an average price target of $25.09.

Insiders Place Their Bets

In other news, CAO Lori C. Locke sold 5,000 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $27.62, for a total transaction of $138,100.00. Following the completion of the sale, the chief accounting officer owned 110,084 shares of the company’s stock, valued at $3,040,520.08. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the transaction, the chief financial officer owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. This trade represents a 20.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 267,116 shares of company stock valued at $7,781,731 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.